$40,000
Land
#9973434, Mina P. Norfleet, Listing Office: Redden Realty
Is 37683, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 37683 was a Seller's Market.
Key Takeaway
37683 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 37683, TN
How much do homes in 37683, TN cost?
Median Sold Price
$268,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,550(+17.3%)
Key Takeaway
Homes in 37683 have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in 37683 was $268,500 in October 2024, up 17.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117K | $229.5K | +96.2% |
| 2 Bedrooms | $188.5K | $229K | +21.5% |
| 3 Bedrooms | $210K | $250K | +19.0% |
| 4 Bedrooms | $315K | $337.9K | +7.3% |
| 5+ Bedrooms | $692.5K | $500K | -27.8% |
Summary: 37683 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.2%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 27.8%.
Housing Supply in 37683, TN
How many homes are available in 37683, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 58 | -7.9% |
Summary: The 37683 real estate market had 58 homes for sale in October 2024, a 7.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 6 | -45.5% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 37683 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 45.5%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 37683, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 37683 in October 2024, down by 57.1% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 37683, TN
How long does it take to sell a home in 37683, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 156 Days | 106 Days | -31.8% |
Summary: Homes in 37683 had an average of 106 days on market in Oct 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 37683 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in 37683; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
